61625, Peoria, IL

The Peoria, IL 61625 zip code has a median home value of $111,200 and a median home equity value of $86,000. The 61625 zip code ranks #1 in the state of Illinois for both home values. The 61625 zip code also ranks #2 in the state for home equity values.

There are a number of factors that contribute to the high home values in the 61625 zip code. First and foremost, Peoria is a desirable location with many amenities and job opportunities. Second, the market has been very stable over the past few years which has helped to increase prices. Finally, there is a large number of homeowners in the 61625 zip code who have taken advantage of low interest rates over the past few years.

While there are many reasons why homes in the 61625 zip code are worth so much money, there are also some risks associated with owning a home in this area. One risk is that interest rates could rise at any time which would decrease the value of your home. Another risk is that you may not be able to sell your home for what you think it's worth if you want to move or if there is an economic downturn affecting your region.